ETF · JPMorgan
BBM3 BetaBuilders US Treasury Bond 0-3 Months UCITS ETF
ISIN IE00BMD8KM66London Stock Exchange: BBM3JPMorgan Chase & Co.
- Government bonds
- ETF
- ISA
- SIPP
- Accumulating
Latest close
LSE£90.94
on
- Ongoing charge
- 0.07% a year
- Fund size
- £274m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, BBM3 (BetaBuilders US Treasury Bond 0-3 Months UCITS ETF, ISIN IE00BMD8KM66) closed at £90.94 on the London Stock Exchange. Its ongoing charge is 0.07% a year (about £7 on £10,000). Over the five years to 13/11/2026 its price changed by +22.3%, or −4.6% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +2.7%
- −0.9% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +5.3%
- −4.8% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +22.3%
- −4.6% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,223 on 13/11/2026 — about £954 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: as reported (delayed data) and worked out from recorded daily closes. Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of BetaBuilders US Treasury Bond 0-3 Months UCITS ETF Accum Shs USD in pounds (price, with income reinvested in the fund): 2022 +13.5%, 2023 −0.8%, 2024 +8.0%, 2025 −4.2%; 2026 to 13/11/2026 +5.4%. Returns of BetaBuilders US Treasury Bond 0-3 Months UCITS ETF Accum Shs USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +5.2%; to 30/09/2025: +3.8%; to 30/09/2024: −4.0%; to 30/09/2023: −4.6%; to 30/09/2022: +22.3%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +5.4% | +2.0% | |
| to | −4.2% | −7.5% | |
| to | +8.0% | +4.4% | |
| −0.8% | −4.7% | ||
| +13.5% | +3.9% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +5.2% | +1.5% |
| from | +3.8% | −0.2% |
| from | −4.0% | −6.5% |
| from | −4.6% | −10.3% |
| from | +22.3% | +12.4% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
7.6%over 5 years
| 1 year | 5.7% |
|---|---|
| 3 years | 6.4% |
| 5 years | 7.6% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −13.8%
- From to
- Lowest 12-month return
- −6.8%
- 12 months to
- Highest 12-month return
- +25.7%
- 12 months to
- Below its highest weekly close since November 2021
- 1.1%
- High of , latest
In words: Volatility of BetaBuilders US Treasury Bond 0-3 Months UCITS ETF Accum Shs USD in pounds, annualised from weekly returns to 13/11/2026: 5.7% over 1 year, 6.4% over 3 years, 7.6% over 5 years. Largest fall in the price of BetaBuilders US Treasury Bond 0-3 Months UCITS ETF Accum Shs USD since November 2021, in pounds: −13.8% from 23/09/2022 to 14/07/2023. The lowest 12-month return of BetaBuilders US Treasury Bond 0-3 Months UCITS ETF Accum Shs USD in pounds (price, with income reinvested in the fund) since February 2021 was −6.8% (12 months to 22/09/2023); the highest was +25.7% (12 months to 23/09/2022). On 13/11/2026 the price of BetaBuilders US Treasury Bond 0-3 Months UCITS ETF Accum Shs USD was 1.1% below its highest weekly close since November 2021 (17/01/2025), in pounds.
As of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.07%
- a year
- On £10,000
- £7
- a year, roughly
- Over five years
- £35
- of £10,000, before growth
- 40 charge less
- 30 the same
- 241 charge more
Ongoing charge of BetaBuilders US Treasury Bond 0-3 Months UCITS ETF Accum Shs USD 0.07% a year. Compared on 14/11/2026, 241 of the 311 other government bond funds charge more, 30 the same and 40 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
As of
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
BetaBuilders US Treasury Bond 0-3 Months UCITS ETF Accum Shs USD is an exchange-traded fund (ETF) from JPMorgan, launched in 2021.
It tracks the ICE 0-3 Month US Treasury Notes & Bills Index.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.07% a year — about £7 a year on every £10,000 invested, taken from the fund's value rather than billed to you.
Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
Government bonds: Loans to governments, such as UK gilts and US Treasuries. They pay interest; their prices move when interest rates change.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- BBM3
- ISIN
- IE00BMD8KM66
- Also listed as
- BB3M (London Stock Exchange, US dollars)
- Provider
- JPMorgan
- Tracks
- ICE 0-3 Month US Treasury Notes & Bills Index
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Accumulating
- Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
- Ongoing charge
- 0.07% a year · about £7 on £10,000
- Fund size
- £274m
- Launched
- Domicile
- Ireland
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- No
- Price currency
- Pounds (GBP)
- Category
- Government bonds
Price chart
Over the last year, the closing price went from £88.07 on 14/11/2025 to £90.94 on 13/11/2026 (+3.3%). The lowest close shown was £85.14 on 30/01/2026 and the highest £90.94 on 13/11/2026.
One close a week. Before 18/09/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded.
As of , at least 15 min delayed
Five years of prices, and after inflation
262 weekly closes, from 12/11/2021 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
What it holds
- Holdings
- 32
- on record
- Ten largest
- 53.0%
- of the whole fund
- Effective number of holdings
- 24
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 7.1%
- Cash and Cash Equivalent
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | Cash and Cash EquivalentUnited States | 7.09% |
| 2 | US T Bill Zcp 11/19/26United States | 6.42% |
| 3 | US T Bill Zcp 11/27/26United States | 6.28% |
| 4 | US T Bill Zcp 11/17/26United States | 5.86% |
| 5 | US T Bill Zcp 12/24/26United States | 5.06% |
| 6 | US T Bill Zcp 01/21/27United States | 4.58% |
| 7 | US T Bill Zcp 11/24/26United States | 4.56% |
| 8 | US T Bill Zcp 12/03/26United States | 4.56% |
| 9 | US T Bill Zcp 12/10/26United States | 4.55% |
| 10 | US T Bill Zcp 01/07/27United States | 3.99% |
As of , holdings as published
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.
By type of asset
- Cash and money market87.1%
- Bonds12.9%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 32 largest and what changed since .
More of the portfolio
The fund publishes 32 holdings; the ten largest make up 53.0% of it. The fund's portfolio is also split by currency.
Create a free account to see the full holdings list and the currency, maturity and credit-quality breakdowns
Sign-up takes an email address. There is no card to enter and nothing to pay.
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 247 rolling 12-month returns since February 2021, and of 143 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since November 2021, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Moves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core UK Gilts UCITS ETF, over the three years to 13/11/2026 (156 weeks).
Pro
Pro — currently by invitation
Pro includes moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of BBM3?
The ongoing charge of BBM3 is 0.07% a year — about £7 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of BetaBuilders US Treasury Bond 0-3 Months UCITS ETF Accum Shs USD 0.07% a year. Compared on 14/11/2026, 241 of the 311 other government bond funds charge more, 30 the same and 40 less (share classes counted once).
What does BBM3 track?
BBM3 tracks the ICE 0-3 Month US Treasury Notes & Bills Index.
Is BBM3 accumulating or distributing?
BBM3 is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
What is the ISIN of BBM3?
The ISIN of BBM3 is IE00BMD8KM66. An ISIN identifies one exact share class of a fund; BBM3 is its ticker on the London Stock Exchange. The same share class is also listed as BB3M (London Stock Exchange, US dollars).
What does BBM3 hold?
As of 13/11/2026, BBM3 holds 32 positions, according to its published holdings. The largest is Cash and Cash Equivalent at 7.09% of the fund; the ten largest make up 53.0%. Its ten largest holdings are Cash and Cash Equivalent (7.09%), US T Bill Zcp 11/19/26 (6.42%), US T Bill Zcp 11/27/26 (6.28%), US T Bill Zcp 11/17/26 (5.86%), US T Bill Zcp 12/24/26 (5.06%), US T Bill Zcp 01/21/27 (4.58%), US T Bill Zcp 11/24/26 (4.56%), US T Bill Zcp 12/03/26 (4.56%), US T Bill Zcp 12/10/26 (4.55%) and US T Bill Zcp 01/07/27 (3.99%).
What were BBM3’s returns in each of the last five years?
Calendar-year returns of BBM3 in pounds (price, with income reinvested in the fund): 2022 +13.5%, 2023 −0.8%, 2024 +8.0%, 2025 −4.2%; 2026 to 13/11/2026 +5.4%. Past performance is not a guide to future returns.
How has BBM3 done after inflation?
Over the five years to 13/11/2026 BBM3’s price changed by +22.3%, or −4.6% after UK CPIH inflation. Past performance is not a guide to future returns.
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Fund documents and methods
- Fund documents
- Fund page at J.P. Morgan Asset Management · Key investor information document (KIID) (links checked )
Methodology:ReturnsCategoriesAll methods
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